Getting Started

You can either start your own business from scratch, or buy an existing business or franchise.

Whichever you decide, you will need to work out the most suitable business structure for your type of business. Each has its advantages and disadvantages but it is something that you need to think about before you begin.

You may want to operate as a sole trader or partnership to reduce the administrative costs and simplify matters. Trusts are also sometimes used as a way of holding a business. Further information about how each of these structures work are set out under the following headings:

Getting Started : Last Revised: Tue Dec 3rd 2013The content of the Law
Handbook is made available as
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and should not be relied upon
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